Two-Building Complex to Feature 130 Affordable Rental Units Plus Retail and Community Space
BROOKLYN, N.Y. (October 2016) – New York City officials joined with MacQuesten Development, LLC on October 13th to celebrate the groundbreaking for Van Sinderen Plaza, an exciting new project that will transform two vacant lots into a mixed-use complex featuring high-quality affordable rental apartments and retail space in the East New York section of Brooklyn.
The 155,000-square-foot complex will include 130 affordable rental apartments and more than 20,000 square feet of retail and community space. Located at 679 Van Sinderen Avenue and New Lots Avenue, the two-building complex is receiving funding from the New York City Housing Development Corporation (HDC) and the New York City Department of Housing Preservation & Development (HPD) through Mayor Bill de Blasio’s Housing New York: a Five-Borough, Ten-Year Plan. MacQuesten is also partnering with East Brooklyn Housing Development Corporation (EBHDC), a not-for-profit, and Best Development Group LLC, an affordable housing consultant and development company.
“The development of Van Sinderen Plaza will contribute to the revival of the East New York neighborhood by providing high-end, affordable housing units and expansive retail and community space that will benefit all Brooklyn residents. I would like to thank the City of New York, Borough of Brooklyn, HDC, HPD, EBHDC, Best Development Group and Community Board 5 for their leadership and support in helping us advance the housing needs of East New York,” said Rella Fogliano, President of MacQuesten Development.
“Housing New York isn’t just about housing, it is about neighborhoods. The transformation of long vacant land into much-needed affordable housing and the creation of a thriving retail corridor represents a long-term investment in the future of a neighborhood that for too long has been underserved,” said Vicki Been, Board Chair of the New York City Housing Development Corporation (HDC) and Commissioner of the New York City Department of Housing Preservation & Development (HPD). “HPD is proud to partner with M/WBE developers like MacQuesten that share our commitment to meeting the holistic needs of the communities where they work. HPD thanks MacQuesten, Best Development, HDC, and all our partners for helping to building a more affordable New York City from the ground up.”
“HDC is committed to financing affordable housing projects that truly serve the needs of the community. Van Sinderen Plaza exemplifies this mission, providing a thoughtful mix of affordable housing, retail, and community space within footsteps of the New Lots transit line in East New York,” said NYC Housing Development Corporation President Eric Enderlin. “I would like to thank MacQuesten Development and Construction, Best Development, Gluck Architectural Collaborative, Cornell Pace, East Brooklyn Housing Development Corporation, all of our project partners, our teams at HPD and HDC, and our elected officials, who from the start have held this transformative project to the high standard of planning and design that the East New York community deserves.”
“I am proud to have directed hundreds of thousands of dollars in capital funding to help make the vision of Van Sinderen Plaza a meaningful reality. The future of East New York is being built today, and projects like these are critical to ensuring that future is one in which families from low-income and middle-income households can reside and thrive,” said Brooklyn Borough President Eric Adams.
“The East Brooklyn Housing Development Corporation believes that our partnership with MacQuesten will create a new blueprint for economic development and affordable housing,” said Bill Wilkins, Director at EBHDC. “MacQuesten has shown sensitivity and understanding of the needs of East New York in design and project development.”
“Van Sinderen Plaza addresses the immediate housing needs of East New York with 130 large, affordable apartments and it has a direct transit link because it is across the street from the New Lots Avenue “L” train stop. We could not have achieved this project without the true partnership of New York City’s agencies and elected officials. New York City leads the nation in developing affordable housing with cutting edge financial partnership,” said Ron Schulman, founder of Best Development Group.
“MacQuesten’s Van Sinderen Avenue development is an important addition to the East New York community,” said Todd Gomez, North Market Executive, at Bank of America Merrill Lynch. “The unique design of the project and its convenient transit oriented location will be a welcome driver of further revitalization in the neighborhood. As a leader in community development banking, Bank of America Merrill Lynch is committed to providing financing for affordable housing in growing communities across the U.S. Our investment of over $47MM in debt and equity financing for this high-quality development is a great example of that commitment.”
Van Sinderen Plaza will comprise two seven-story buildings featuring one-, two- and three-bedroom rental apartments. The larger building, on Van Sinderen Avenue, will feature 95,037 square feet of residential space, 17,341 square feet of retail space and 3,860 square feet of community space. The smaller building, on New Lots Avenue, will have 32,776 square feet of residential space, 3,931 square feet of retail space and 2,049 square feet of community space. There also will be 21 parking spaces available to residents of the two buildings.
The new development’s 130 apartments will be affordable to extremely low-, very low-, and low-income households. The apartments will include a mix of one-bedroom, two-bedroom, and three-bedroom apartments. Income restrictions will include maximum income limits at a range of $19,050 – $50,750 for an individual and $24,500 – $65,250 for a household of three. All two- and three-bedroom apartments will feature two bathrooms. Tenants will only have to pay for their own electric. All apartments will remain affordable for 60 years.
Interested applicants must apply to this housing through the City’s affordable housing lottery. Applications could be available as early as mid-2017 for this development.
Learn more about the affordable housing lottery process and about available housing lotteries by visiting the links below:
- For a summary of affordable housing resources visit: How to Find Housing
- Learn What to Expect when you apply
- Find out what happens After you Apply
All of the above webpages can be accessed through HPD’s website.
The total development cost for Van Sinderen Plaza is approximately $56,029,585. HPD provided $10.07 million in City Capital Funds and Low-Income Housing Tax Credits towards this development. HDC provided $8.37 million in funding from their corporate reserves and $28.3 million in tax-exempt bonds. Brooklyn Borough President Eric L. Adams provided $500,000 in Reso A funding.
Event Hails Ribbon-Cutting for Phase II, Groundbreaking for Phase III
NEW ROCHELLE, N.Y. (April 21, 2016) – MacQuesten Development, LLC, in partnership with the New Rochelle Municipal Housing Authority and New York State Homes and Community Renewal (HCR), celebrated a pair of milestones today at the Heritage Homes complex, a three-phase development along Brook Street and Winthrop Avenue involving the construction of 228 affordable apartments and townhouses on the former site of the Hartley Houses public housing project.
The celebration, attended by state, county and city officials, began with a ribbon-cutting ceremony at Heritage Homes Phase II, which has added 56 affordable housing units to the 131 Phase I units completed in 2013. Following the Phase II ribbon-cutting, a groundbreaking ceremony was held for Heritage Homes Phase III, which will add another 41 affordable units. Joseph Apicella, Managing Director of MacQuesten Development, was master of ceremonies for the program
“I am passionate about building quality affordable housing and being a catalyst for downtown economic development,” said Rella Fogliano, President of MacQuesten Development. “This project has reached a milestone, and we are pleased to celebrate the completion of 187 of the 228 homes that are planned as well as break ground on our final phase. Our partners, the New Rochelle Housing Authority and NYS Homes and Community Renewal, helped to make this award-winning project a reality, and I feel fortunate to be a part of this public/private venture.”
“Heritage Homes has already strengthened our community and made a positive difference in hundreds of lives. As we wrap up Phase II and look ahead to Phase III, this is a good moment to celebrate the spirit of inclusion and equity that has always defined New Rochelle and that makes us so proud of this transformational development,” said New Rochelle Mayor Noam Bramson.
The Heritage Homes project replaces the Hartley Houses, a five-building, high-density public housing complex that was managed by the New Rochelle Municipal Housing Authority and built in the 1940s. Construction has been completed in phases so as not to adversely affect residents of the Hartley Houses. Eligible Hartley Houses residents were relocated into 129 of the 130 available Phase I units (one apartment was set aside for a live-in superintendent). And, Hartley Houses residents have been relocated into 32 of the 56 Phase II units. Hartley Houses residents who do not wish to relocate into Heritage Homes units have the option to relocate to other public housing facilities.
NYS Homes and Community Renewal Commissioner James S. Rubin said, “By replacing a dated public housing complex with sustainable, safe housing, Heritage Homes not only offers modern, affordable high quality homes for New Rochelle residents, but it is also transforming the entire community. Under Governor Cuomo’s leadership, New York is investing in extensive housing and revitalization projects like this that are addressing the affordable housing crisis around the state and making New York a better place for families.”
New York State Homes and Community Renewal (HCR) consists of the State’s major housing and community renewal agencies, including the Affordable Housing Corporation, the Division of Housing and Community Renewal, the Housing Finance Agency, State of New York Mortgage Agency, Housing Trust Fund Corporation and others. HCR is in the fourth year of Gov. Andrew Cuomo’s $1 billion House New York program, which is aimed at creating thousands of new units over five years and is the largest investment in affordable housing in at least 15 years. The House New York initiative builds on the successes of unprecedented efforts to protect more than two million rent-regulated tenants, with the greatest strengthening of the state’s rent laws in 30 years, and the creation of the Tenant Protection Unit, which proactively audits and investigates landlord wrongdoing.
“Heritage Homes represents a successful collaboration between the public and private sectors,” said Steve Horton, Executive Director of the New Rochelle Housing Authority. “In an era of strained public resources, these partnerships are essential if Housing Authorities are going to fulfill their mission to develop and preserve affordable housing.”
Phase II, a $20 million project, features five townhouse-style clusters of two- and three-bedroom units. Amenities include a laundry room, community room, bamboo floors, Energy Star appliances, windows and lighting, and 77 parking spaces. Phase III, an $18 million project comprising two- and three-bedroom units, will have its own laundry facility, community room, outdoor recreation space, Energy Star efficiencies and 71 parking spaces.
MacQuesten is proud to announce that Mother Arnetta Crawford Apartments in the Bronx has been Leadership in Energy and Environmental Design (LEED) certified. Mother Arnetta Crawford Apartments received a silver rating for its green initiatives and resource efficiency. LEED-certified buildings use less water and energy, and they reduce greenhouse gas emissions – all money-saving efforts.
Mother Arnetta Crawford Apartments is located at 1500 Hoe Avenue. It features 84 affordable housing units, Modern Italian kitchens with bamboo flooring and anti-microbial corridor floors.
According to its website, LEED prides itself on being the most widely used third-party verification for green building.
$27 Million Project on Hoe Avenue is Helping to Transform Neighborhood with High Quality, Affordable Apartments
BRONX, N.Y. (October 16, 2015) – Borough and City officials joined with MacQuesten Development, LLC and the Union Grove Community Economic Development Corporation (UGCEDC) today to celebrate the Grand Opening of Mother Arnetta Crawford Housing, a new apartment complex that is helping to transform the neighborhood by providing residents with high-quality, affordable rental housing.
Located at 1500 Hoe Avenue, Mother Arnetta Crawford Housing is a seven-story, 78,000-square-foot building with 84 one- and two-bedroom affordable apartments. Amenities include two indoor recreation rooms, one on the seventh floor offering views of the Manhattan skyline; a secure outdoor play area; and a secure ground-floor parking area. The attractively designed building features LEED Silver Level design and construction, minimizing its impact on the environment.
To celebrate the grand opening event, Rella Fogliano, President of MacQuesten Development, hosted a ribbon-cutting ceremony attended by representatives of UGCEDC; Bronx Borough President Ruben Diaz, Jr.; Susan Kensky, Assistant Commissioner of the New York City Department of Housing Preservation & Development; Gary Rodney, President of the New York City Housing Development Corporation; Geneve Davis and Burton Leon from New York City Housing Authority; and representatives from Bronx Community Board 3.
“We are very proud to celebrate the grand opening today of this beautiful new building which is providing residents with attractively designed affordable apartments. The focus of all our projects is to provide well-designed, sustainable multi-family and affordable housing for the communities where they are needed most. And that’s exactly what we have achieved with this new project. Finally, I would like to thank Union Grove Community Economic Development Corporation and the city officials joining us today who helped make this project a reality,” said Ms. Fogliano.
“The fundamental reason we work to create affordable housing is to provide opportunity for those in need. This development made possible new opportunities through stable, quality homes for 84 low-income families and individuals. Affordable housing also anchors communities, and so it is only fitting that this development and the one that preceded it are named after individuals who have long anchored this neighborhood and this community,” said HPD Commissioner Vicki Been. “I would like to thank MacQuesten Development and Union Baptist Church, and our colleagues at NYCHA and HDC for partnering with us to create this important project. It is because of your commitment and dedication that these families are able to call this beautiful new development home.”
“HDC is committed to working with partners, like MacQuesten Development and Union Grove Baptist Church to create safe, quality affordable homes that add value to neighborhoods, and make a profound impact on people’s lives,” said Gary Rodney, President of HDC. “Mother Arnetta Crawford exemplifies what can be accomplished through public-private partnership to foster strong, sustainable communities. I would like to thank our elected officials and all our partners for their commitment to this project and our mission of providing quality, affordable housing for all New Yorkers.”
“Supporting the development of safe, affordable housing in underserved communities like Crotona Park is vitally important to Bank of America Merrill Lynch,” said Todd Gomez, Northeast Regional Executive, Bank of America Merrill Lynch. “MacQuesten’s experience with and passion for community development made this an ideal project to finance. In addition to $13MM of debt financing, the Bank also provided over $10MM of Low Income Housing Tax Credit equity.”
Also attending the event was Gloria Velez, a resident of the new apartment complex who was the winner of a unique lottery held in August for prospective tenants by MacQuesten Development. Velez was selected among prospective tenants to move into a fully furnished and decorated two-bedroom apartment at the complex.
Based in Pelham, NY, MacQuesten Development specializes in financing, designing and construction management of multi-family, affordable housing and commercial properties, which are then privately held by affiliated companies. The company has developed 11 buildings and 1,500 units of affordable housing in New York City and Westchester County since 1992. MacQuesten has current development projects in excess of $200 million throughout the five boroughs and Westchester County. The company’s other affordable housing developments in the Bronx include Palmer Court Homes, Claremont Park Apartments, Rev. Dr. Fletcher C. Crawford Housing, Webster Place Apartments and Hughes Avenue Crescent.
On December 10th, 2014, the New York Housing Conference (NYHC) and the National Housing Conference (NHC) named Rella Fogliano, President of The MacQuesten Companies, Developer of the Year.
As the daughter of prominent general contractor Sabino Fogliano, Ms. Fogliano was introduced to the real estate development industry at a young age. As a teenager she worked closely with her father on every aspect of the business, from “assisting project managers to manually preparing the American Institute of Architects forms”.
However, after graduating from Fordham University, Ms. Fogliano knew that the construction business wasn’t for her. “I didn’t want to develop projects with someone else’s vision, I wanted to do it for myself,” she said.
Distressed by the lack of affordable housing in the Bronx, Ms. Fogliano made it her mission to make a difference. She spent the 1990’s developing her father’s properties into affordable housing projects. Ms. Fogliano launched The MacQuesten Companies in 2003, making her mark on the New York State real estate development landscape.
Ms. Fogliano admits that that her role as the leading female developer of affordable housing in New York State is not always easy.
“There’s no denying that being a real estate developer has its challenges and its rewards. However, being a female in this male-dominated field takes something more. Regardless of gender, this industry takes vision, tenacity, and always creativity in order to achieve success,” she said.
“The honor, bestowed on major developers for more than 40 years, was given to me not as a ‘woman developer’, but as a housing developer.”
Rella Fogliano, President of MacQuesten Development LLC, and the leading developer of affordable housing in New York State, believes that luxurious housing should not be reserved only for the rich.
“I see a need for affordable housing in Westchester,” said Fogliano, “and they should be beautiful—no different than luxurious developments. I love the challenge.”
The development company’s most recent challenge includes the transformation of the Hartley Houses—New Rochelle’s crumbling, sixty-year old, low-income housing project—into Heritage Homes, a beautiful modern development that tenants are proud to call home.
The aging Hartley Houses were in desperate need of repair before MacQuesten Development came to the rescue. Fogliano cited problems ranging from outdated mechanical systems, to oil heat, to non-compliance with provisions of the Americans with Disabilities Act. Public halls and unreliable elevators made security an ongoing concern.
“We were attracted to the opportunity to provide residents with better housing options. With our construction, the residents will have an opportunity to live in dignified, but affordable housing,” she said.
MacQuesten completed the first phase of the three-phase remake in June of 2013. The $37 million Heritage Homes development comprises 131 rental apartments: 14 studios and 36 one-bedroom apartments in a four-story building with laundries on each floor, and 80 two-bedroom townhouse style apartments. Ground floor units are wheelchair accessible. Rents range from $896 for a studio to $1381 for a two-bedroom duplex townhouse.
The development company’s portfolio includes affordable housing developments in Mount Vernon, New Rochelle, the Bronx, Brooklyn, and Manhattan.
MacQuesten Development LLC is spearheading the development of The Modern, a mixed-use development project, designed to transform Mount Vernon’s gritty, industrial, downtown area into a vibrant, respectable neighborhood with homes and shops. It is part of the transit-oriented renewal of the downtown Mount Vernon corridor.
The 98,000 square feet, 11-story mixed-use building, is located at 130 Mount Vernon Ave, in Mount Vernon, New York (lower Westchester County). The Modern will comprise 80 affordable rental units, a ground-floor retail component, and 9,300 square feet designated for offices and community space.
All apartments are wheelchair accessible, with 22 reserved for disabled tenants. Amenities include 89 parking spaces (indoor/outdoor parking garages), a rooftop recreation space with views of the New York City skyline, and laundry facilities.
The $31.5 million development is expected to create more than 300 jobs in Mount Vernon: 200 construction jobs, and more than 100 permanent jobs after its completion. MacQuesten Development purchased the property for $2 million in 2011.
Rella Fogliano, President of MacQuesten Development, hinted at one possible use for the commercial area during the Modern’s recent groundbreaking ceremony.
“This is such a sweet spot,” Fogliano said. “We’re three blocks away from the Bronx. Fleetwood a little bit to the north,” and, she added, “It’s a perfect location for something medical.”
Fogliano said that using the real estate for health care is “greatly needed in this community if it’s going to be vibrant”, and said it could be the future for “revitalizing a former industrial area”.